Chamber San Mateo County

Not tax-deductible

Redwood City, CA501(c)(6)EIN 94-0377914Revenue $1.4M in FY2024

On file with the IRSchambersmc.org255 Shoreline Dr Ste 150, 94065-1443 · Redwood City, CATax-exempt since Dec 1944

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To promote economic prosperity for our community through business representation and advocacy with emphasis on information, communication and education.

Run by 42 volunteers and 4 employees.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $43K a year · 3% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$257K
to officers and key staff · 17% of spending
Fine: pay to officers and key staff is 17% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 6.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $23K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$122K
15% of total assets
Looks good: liabilities are 15% of assets; 50% or less.
Pt X · Ln 26
Independent board members
43
of 43 voting members
Looks good: 43 of 43 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.4M
+3% vs prior year
Spent
$1.5M
To programs
0%
Net assets
$687K
By yearFY2021–FY2024
Revenue
$1.4M
FY2024▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2021$1.2M
FY2022$1.2M
FY2023$1.4M
FY2024$1.4M
Expenses
$1.5M
FY2024▲ +13%
Tap a bar for its year
Expenses by fiscal year
FY2021$941K
FY2022$1.2M
FY2023$1.3M
FY2024$1.5M
Net assets
$687K
FY2024▼ -11%
Tap a bar for its year
Net assets by fiscal year
FY2021$726K
FY2022$733K
FY2023$773K
FY2024$687K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1944.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

43 people listed on the 990; $257K paid to officers and key staff.

Part VII, Section A · reportable compensation
President & CEO
$257,360Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
Deputy Chair
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021
Amy Buckmaster$257,360$240,250$230,698$216,840

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Chamber San Mateo County executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Promotes community economic prosperity through business advocacy, information, and education.

Questions for Chamber San Mateo County

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Provided by the organization

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1 program · $1.5M · in their own filed words · FY2024
01

Fees from Government Services

The chamber receives funds from the port and the city of redwood city to promote the port and the city. Chamber of commerce functions: the chamber sponsors luncheons, dinners and various events of public interest during the year to promote redwood city.

$1.5Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$23K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.4M
Ln 12
Fees for servicesLn 2g$1.4M
Investment incomeLn 3$2K
Money outPt IX
$1.5M
Ln 25
Owns and owesPt X
$687K
net assets · Ln 32
Cash and savingsLn 1–2$809K
Total assetsLn 16$809K
LiabilitiesLn 26$122K
PeoplePt VI, VII
43
listed · VII A
PaidVII A1
Voting boardVI 1a43
IndependentVI 1b43
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.4M
Investment incomeLn 3$2K
Gains on assetsLn 7$0
Total revenueLn 12$1.4M
Assets in detailPt X, end of year
CashLn 1$873
SavingsLn 2$808K
Cash and savings togetherLn 1–2$809K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$809K
LiabilitiesLn 26$122K
Net assetsLn 32$687K
OperationsPt I, VI
EmployeesI 54
VolunteersI 642
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$907K$809K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$907K$809K
LiabilitiesLn 26$134K$122K
Net assetsLn 32$773K$687K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$257K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$309K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$67K
Payroll taxesLn 10$39K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$19K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$57K
Advertising and promotionLn 12$0
Office expensesLn 13$27K
Information technologyLn 14$72K
RoyaltiesLn 15$0
OccupancyLn 16$66K
TravelLn 17$4K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$16K
Other expenses (24a–d)Ln 24$513K
All other expensesLn 24e$38K
Total functional expensesLn 25$1.5M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.4M$1.5M−$87K$687K 990 PDF
FY2023 $1.4M$1.3M$40K$773K 990 PDF
FY2022 $1.2M$1.2M$7K$733K 990 PDF
FY2021 $1.2M$941K$213K$726K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $1,397,381 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $29,099$0
I-9 Program service revenuePrior year $1,322,911$1,395,800
I-10 Investment incomePrior year $966$1,581
I-11 Other revenue$0
I-12 Total revenuePrior year $1,352,976$1,397,381
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $615,536$673,123
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $697,003$810,938
I-18 Total expensesPrior year $1,312,539$1,484,061
I-19 Revenue less expensesPrior year $40,437−$86,680
Part VI · Governance 43 of 43 board members independent, 3 to look at
VI-1a Voting members of the governing body43
VI-1b Independent voting members43
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,397,381 across 8 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,395,800$1,395,800
VIII-3 Investment incomeExcluded from tax $1,581$1,581
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $1,395,800 · Excluded from tax $1,581$1,397,381
Part IX · Statement of functional expenses $1,484,061 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$257,360
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$309,338
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$67,456
IX-10 Payroll taxes$38,969
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$19,171
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$56,775
IX-12 Advertising and promotion$0
IX-13 Office expenses$26,613
IX-14 Information technology$71,526
IX-15 Royalties$0
IX-16 Occupancy$65,744
IX-17 Travel$3,936
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$16,123
IX-24 Other expenses (24a–d)$513,263
IX-24e All other expenses$37,787
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$1,484,061
Part X · Balance sheet $808,602 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $873$873
X-2 Savings and temporary cash investmentsStart of year $906,409$807,729
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $907,282$808,602
X-24 Unsecured notes and loans payableStart of year $133,900$121,900
X-26 Total liabilitiesStart of year $133,900$121,900
X-27 Net assets without donor restrictionsStart of year $773,382$686,702
X-32 Total net assets or fund balancesStart of year $773,382$686,702
X-33 Total liabilities and net assetsStart of year $907,282$808,602
Part XI · Reconciliation of net assets $686,702 net assets at year end
XI-1 Total revenue$1,397,381
XI-2 Total expenses$1,484,061
XI-3 Revenue less expenses−$86,680
XI-4 Net assets at start of year$773,382
XI-10 Net assets at end of year$686,702

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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